Green Growth Palestine

About

MENACatalyst is joining GIZ GmbH to implement the project "Green Growth Palestine" (GGP), which is co-financed by the European Union under the "Private Sector Development Program" (PSDP). By strengthening the economic development of the Palestinian Territories and improving the competitiveness and resilience of Palestinian businesses, the GGP aims to improve the performance of small and medium-sized businesses.

Through The GGP project, Germany is taking the lead in the Green Economy component of the Team Europe Initiative (TEI) “Sustainable Growth, Jobs and Resilience”, which recognizes the pivotal role of the private sector in powering Palestine’s green transition. This brings the vision of the European Green Deal into the context of Palestine as a “new green growth strategy” towards a “fair and prosperous country” and “towards a society with a modern, resource-efficient ”and competitive economy. 

Target

The target audience for this project are Palestinian Micro, Small, and Medium Enterprises (MSMEs), particularly those seeking to adopt sustainable, green practices. The project aims to support up to 100 MSMEs, helping them enhance their investment readiness, access green financing, and scale sustainably. These businesses will receive tailored financial, business, and legal advisory services to improve competitiveness and facilitate the green transition. The project also involves collaboration with financial institutions, legal experts, and government bodies like the Ministry of National Economy (MoNE) to create a conducive environment for green growth.

Methodology 

The GIZ’s Sector Development Programme (PSDP) is therefore broadening its scope through the GGP, which aims to. i) Support Palestinian MSMEs in their adoption of sustainable production and consumption methods; ii) Facilitate access to green finance; and iii) Support the political partner, MoNE, in enhancing framework conditions that foster the green transition. 

MENACatalyst's methodology comprises of the following:

1. Preparation: We will work jointly with the GIZ Green Growth team to learn more about the project and align on assigned objectives of the consultancy. Based on our discussions and agreements with the GIZ Green Growth team we will further modify our preliminary support and service package to further tailor it to meet the needs and requirements as presented by GIZ ToR to maximize impact for the targeted MSMEs.

2. Strategic Financial Development Consultancy: Provide tailored financial advisory services to MSMEs, including financial planning, investment analysis, and risk management.

3. Business Strategy Development: Collaborate with MSMEs to develop comprehensive business strategies and financial statements aligned with their green growth objectives, revenue targets, and market expansion plans.

4. Legal and Financial Support: Offer guidance and assistance to MSMEs in navigating legal and financial challenges associated with business operations, including compliance with regulatory requirements and accessing green funding opportunities.

5. Connectivity with Financial Institutions: Facilitate connections between MSMEs and banks or financial institutions to ensure bankability and access to appropriate green financing options. Engage with product development teams at financial nstitutions to align financial products with the needs and preferences of MSMEs.